The William R Kenan Jr Fund for
The William R Kenan Jr Fund for is a private foundation, based in Chapel Hill, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $31.9M in total assets. In 2025, it awarded 1 grant totaling $1.9M. Net investment income was $2.9M.
The William R Kenan Jr Fund for at a glance
In short: The William R Kenan Jr Fund for gave $1.9M across 1 grant in 2025 (avg $1.9M), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,880,000
- +3.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,880,000
- +3.3% vs 2024
- Median grant
- $1,880,000
- Total assets
- $31,883,793
- +2.4% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The William R Kenan Jr Fund for funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was North Carolina State University ($1.9M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The William R Kenan Jr Fund for gives
- Giving held roughly steady from 2022 to 2025 (+18%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $1.1M (2021) to $1.9M (2025). In 2025 it made 1 grant totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North Carolina State University Raleigh, NC | Support for the kenan institute for eng., tech., and science | $1,880,000 |
Ready to take the next step with The William R Kenan Jr Fund for?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $31,883,793 | $3,045,551 | $2,293,147 | $1,880,000 | 1 | $2,057,224 | $2,867,473 | $2,135,348 |
| 2024 | $31,123,097 | $4,273,310 | $2,183,769 | $1,820,000 | 1 | $1,982,696 | $4,113,237 | $1,909,375 |
| 2023 | $29,025,816 | $2,233,970 | $2,113,198 | $1,790,000 | 1 | $1,943,062 | $2,082,533 | $1,781,881 |
| 2022 | $28,890,222 | $1,436,534 | $1,963,090 | $1,600,000 | 1 | $1,760,174 | $1,253,040 | $2,051,134 |
| 2021 | $29,432,423 | $2,238,100 | $1,451,493 | $1,087,500 | 1 | — | $2,079,860 | $1,904,777 |
Under IRS private-foundation payout rules, The William R Kenan Jr Fund for reported a distributable amount of $2.1M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The William R Kenan Jr Fund for is led by Daniel W. Drake, Chairman, President & Treasurer on every filing since 2021; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Daniel W. Drake
Chairman, President & Treasurer
On filings since 2021
No compensation reported
Holt Kenan Hemingway
Director & Secretary
On filings since 2021
No compensation reported
J. Haywood Davis
Director
On filings since 2021
No compensation reported
Liza Kenan Howell
Director
On filings since 2021
No compensation reported
Robert P. Baynard
Director
On filings since 2021
No compensation reported
Thomas S. Kenan III
Vice President & Director
On filings since 2021
No compensation reported
Christopher A. Shuping
Director
On filings since 2024
No compensation reported
Evan Stewart Gwyn
Director
On filings since 2024
No compensation reported
Frank H. Kenan II
Director
On filings since 2024
No compensation reported
Gareth Gwyn
Director
On filings since 2024
No compensation reported
Sterling Kenan McCracken
Director
On filings since 2024
No compensation reported
Steven R. Armstrong
Treasurer
Assistant Treasurer → Treasurer, 2024
On filings since 2021
No compensation reported
Susan Bowser
Assistant Secretary
On filings since 2021
No compensation reported
Former officers (1)
- Former: Elizabeth Price Kenan (2021–2023) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The William R Kenan Jr Fund for
How much does The William R Kenan Jr Fund for give each year?
The William R Kenan Jr Fund for gave $1.9M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.8M across 1 grant.
How large is The William R Kenan Jr Fund for?
The William R Kenan Jr Fund for reported $31.9M in total assets on its 2025 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $2.1M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The William R Kenan Jr Fund for operate?
The William R Kenan Jr Fund for has awarded grants in North Carolina.
What is The William R Kenan Jr Fund for's EIN?
The William R Kenan Jr Fund for's EIN (Employer Identification Number) is 56-1761145. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in The William R Kenan Jr Fund for's focus areas in our free grants database
Similar Funders
Funders with grantees in common
NC State Engineering Foundation Inc
Raleigh, NC
To aid and promote, by financial assistance and otherwise, educational, research, and extension in the college of engineering at North Carolina state university
Assets
$224.9M
Grants
1
Total Given
$6.3M
Street Law Inc
Silver Spring, MD
To develop classroom and community programs to educate young people about the law and government.
Assets
$3.6M
Grants
2
Total Given
$55K
The Pest Management Foundation Inc
Fairfax, VA
To advance the pest management industry through education, research and outreach.
Assets
$1.9M
Grants
2
Total Given
$35K
AGC Education and Research Foundation Inc
Arlington, VA
The AGC Education and Research Foundation supports education and champions research for the advancement of expertise in the construction industry.
Assets
$15.6M
Grants
3
Total Given
$30K
Job-Site Safety Institute
Raleigh, NC
Jsi serves as a research center where educational institutions and industry leaders collaborate and exchange ideas to increase awareness of the inherent dangers of a construction site. Methods include real-world testing as well as quantitative and qualitative studies. Results are shared through a variety of media including published studies, training videos and online resources.
Assets
$698K
Grants
4
Total Given
$94K
Western North Carolina Regional
Asheville, NC
WORKING TOGETHER FOR THE CHILDREN OF WESTERN NORTH CAROLINA. Providing enhanced regional education through facilitating peer support groups, sharing best practices, offering high-quality professional development programming throughout the region.
Assets
$1.6M
Grants
4
Total Given
$60K
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The William R Kenan Jr Fund for's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The William R Kenan Jr Fund for down — hundreds of funders to go?